Big 5 Sporting Goods (NASDAQ:BGFV) Downgraded to “Sell” at StockNews.com

Big 5 Sporting Goods (NASDAQ:BGFV) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.

Separately, TheStreet downgraded Big 5 Sporting Goods from a “c” rating to a “d+” rating in a research note on Wednesday, February 28th.

Big 5 Sporting Goods Stock Down 2.5 %

Shares of BGFV opened at $3.11 on Wednesday. Big 5 Sporting Goods has a 52 week low of $3.09 and a 52 week high of $9.99. The company has a quick ratio of 0.18, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $69.79 million, a price-to-earnings ratio of -9.42 and a beta of 2.35. The stock’s 50-day moving average price is $4.19 and its 200-day moving average price is $5.43.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02). Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%. The company had revenue of $196.35 million during the quarter.

Institutional Investors Weigh In On Big 5 Sporting Goods

Several institutional investors and hedge funds have recently added to or reduced their stakes in BGFV. FMR LLC raised its holdings in shares of Big 5 Sporting Goods by 1,561.0% during the 1st quarter. FMR LLC now owns 3,405 shares of the company’s stock worth $26,000 after acquiring an additional 3,200 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Big 5 Sporting Goods by 182.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,459 shares of the company’s stock worth $26,000 after acquiring an additional 943 shares during the period. State of Wyoming purchased a new position in shares of Big 5 Sporting Goods during the 2nd quarter worth $34,000. Tower Research Capital LLC TRC raised its holdings in shares of Big 5 Sporting Goods by 424.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,606 shares of the company’s stock worth $39,000 after acquiring an additional 4,537 shares during the period. Finally, Quarry LP raised its holdings in shares of Big 5 Sporting Goods by 145.9% during the 1st quarter. Quarry LP now owns 5,782 shares of the company’s stock worth $44,000 after acquiring an additional 3,431 shares during the period. Institutional investors and hedge funds own 41.98% of the company’s stock.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.